The LOAN service provides the functionality for creating and managing the complete life-cycle of loan products
Example of functions:
- Loan Origination to suit the banks credit approval process
- Defining repayment methods, either manually or through pre-approved accounts with third party banks
- Producing loan advices or creating pre-approved account payment demands
- Reviewing and amending the terms of a loan
- Creating repayment holidays for loans
- Producing standard reminders, loan call-in documents and debt collection referral documents.
- Managing the underlying settings used to specify how different kinds of loans are to operate.
- Maintaining a list of loan guarantors and collateral and linking them to loan accounts.
- Managing of codes which define the collateral offered by a client or guarantor in support of a loan
- Debt collection management
- Impairment, provisioning and reporting
